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ECA obliges entities to notify it of M&As over EGP 100m per year

The Egyptian Competition Authority has amended the Merger and Acquisition model to be effective starting September. Based on the amendment, Article 19 Sub-Article 2 stipulates businesses of over EGP 100m per year should notify the ECA when they acquire new assets, equity, and stocks, or join alliances. The law also sets a penalty for all …

Shaimaa Al-Aees

Supreme Court candidacy crisis

The decision made by US Supreme Court Associate Justice Anthony McLeod Kennedy to retire at the end of June has raised a crisis to choose an alternative for him in the American Supreme Court, which is the second battle that US President Donald Trump is getting into after his success in choosing Republican judge Neil …

Mohamed Samir

Six ways AI can assist your e-commerce business

Artificial intelligence (AI) systems have been developing quickly in the past period. One of the most prominent sectors that benefit from this development is e-commerce, specifically marketing. In fact, according to many e-marketing experts, the coming few years will see an integrated AI system replacing traditional marketing as we know it today. AI applications have …

Daily News Egypt

OPPO is in breach of contracts with mobile phone dealers: El-Mahdy

A new crisis has erupted between mobile phone dealers and Chinese company OPPO due to the company’s going back on its contracts with dealers. Traders said that the company refuses to continue the contracts concluded with traders and ignored its obligations, despite many of them realising the required target of sales. A number of traders …

Daily News Egypt

Samsung regains lead of Egypt’s tablet market, Apple degrades

Samsung recovered its lead of the local market of tablets in June after raising its market share to 43.01%, up from 39.2% in May, surpassing Apple. According to a StatCounter report, Apple’s market share in tablet sales fell to 38.14% in June, compared to 41.13% in May—a decline of 3%. Thus, competition is likely to …

Daily News Egypt

AFAA recommends application of international standards to encourage investment, increase transparency, disclosure

The Arab Federation of Accountants and Auditors (AFAA) recommended the application of international standards to encourage investment, increase transparency, and disclosure, stressing that the application of these international standards in the Arab world helps attract international companies to invest in it. This came at the conclusion of the fifth scientific day organised by the AFAA …

Daily News Egypt